Luminar And Mercedes-Benz Announce Expansion Of Partnership Across A Range Of Production Vehicle Lines By Mid-Decade

Luminar Technologies, Inc. (NASDAQ: LAZR) and Mercedes-Benz announced the extension of their strategic collaboration, which will allow Luminar’s LiDAR technology to be integrated into future vehicle lines. Luminar’s lidar technology, which offers a real-time, 3D map of the surroundings, will be integrated into Mercedes-Benz production cars. Luminar and Mercedes-Benz will expand their relationship beyond the original goal of incorporating the technology into the Mercedes-Benz EQS by the mid-decade mark. Incorporating Luminar’s lidar technology into Mercedes-Benz automobiles is a crucial step toward achieving the future of autonomous vehicles. Luminar Technologies, Inc. (NASDAQ: LAZR) increased 8.3% to $22.67 during Wednesday’s trading session.